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3 years ago

Which of the following are criteria for determining whether to record an asset as a fixed asset?

Business

1 answer:

DochEvi [55]3 years ago

6 0

Answer:must be long lived and used by the company in its normal operations.

Explanation:

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Identifying and Analyzing Financial Statement Effects of Cash Dividends Freid Corp. has outstanding 6,000 shares of $50 par valu

Neporo4naja [7]

Answer:

Assets = Liabilities + Equity

cash (18,000) NA Retained earnigns (18,000)

cash (88,000) NA Retained earnigns (88,000)

Retained earnings is an equity account and any cash dividends paid either to preferred or common stock will decrease cash and retained earnings, remember that both sides must balance.

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3 years ago

Fenway Electronics produces video games in three market categories: commercial, home, and miniature. Fenway has traditionally al

Ivenika [448]

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3 years ago

Why it is important for alsa management to understand the importance of social media for their work

alina1380 [7]

Answer: It is significant for the ALSA supervisory group to comprehend the significance of online media in their work since they had their best pledge drive because of web-based media. ... The ALSA supervisory crew likewise comprehended that the effect of rehashing the occasion one year from now would not be the equivalent.

Explanation:

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3 years ago

Krepps Corporation produces a single product. Last year, Krepps manufactured 33,100 units and sold 27,800 units. Production cost

AfilCa [17]

Answer:

The correct answer is $95,400 lower than absorption costing.

Explanation:

According to the scenario, the given data are as follows:

Units manufactured = 33,100

Sold units = 27,800

So, Units in ending inventory can be calculated as follows:

Units in ending inventory = Units manufactured - Sold units

= 33,100 - 27,800 = 5,300 units

Now, Fixed manufacturing OH = $595,800

So, we can calculate the fixed manufacturing OH per unit by using following formula:

Fixed manufacturing OH per unit = $595,800 ÷ 33,100 = $18

So, Difference in net income for the year can be calculated as follows:

Net income difference = Fixed manufacturing OH per unit × Units in ending inventory

= $18 × 5,300 units = $95,400

Hence, The net income in variable costing is $95,400 which is lower than in absorption costing.

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3 years ago

How does the way that a search engine gets and organizes information help you understand why Googling alone is not enough?

bixtya [17]

Answer:

The search engine works through three primary functions,

Crawling, Indexing and Ranking

Explanation:

Crawling is the process in which the server works as a spiders and finds out information relevant for the user. Indexing is the way to store the web page. Ranking is the priority through which websites are displayed. The most matched text with the URLs are displayed first. The content in the website is matched with the relevance and then displayed to the user.

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3 years ago